Express.co.uk brings you the latest Ripple price updates from CoinMarketCap, CoinDesk and leading crypto experts. All times in GMT.

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Tuesday, February 13

10pm: ECB president says not institution’s responsibility to regulate cryptocurrencies

The president of the European Central Bank Mario Draghi has said it is not his institution’s job to regulate cryptocurrencies, he told CoinDesk.

He was answering questions as part of the ECB’s #AskDraghi video series.

The former Italian central banker said in response to questions made by Twitter users if the ECB would regulate or even ban bitcoin that it is not “the ECB’s responsibility to do that.”

He said he would think “carefully” before buying bitcoin.

He continued: “The euro is backed by the European Central Bank. The dollar is backed by the Federal Reserve. Currencies are backed by the central banks or their governments. Nobody backs bitcoin.”

7.37pm: Ripple price now at $1.03

According to CoinMarketCap.com the price of Ripple now stands at $1.03.

The cryptocurrency plummeted early on Tuesday, from a high of $1.09 at 11pm yesterday.

It has taken a 3.9% reduction in the past 24 hours.

5.56pm: Coincheck hands in report on hack and countermeasures

Japanese cryptocurrency exchange Coincheck Inc, under pressure to better safeguard investors after the daring theft of $530 million of digital money last month, said it had on Tuesday filed a report with regulators on the hacking.

The Financial Services Agency ordered Coincheck to raise its standards after the late-January hack, directing it to submit a report on the security of its systems and measures it would take to prevent a repeat of the theft, one of biggest-ever of digital money.

The report included Coincheck’s investigation into the heist and details of steps to bolster its risk management system, Chief Operating Officer Yusuke Otsuka told a news conference.

The submission of the report came as the exchange, which froze all withdrawals of yen and cryptocurrencies following the heist, lifted curbs on yen-withdrawals after completing checks on its system’s security.

The heist exposed flaws in Japan’s system of regulating cryptocurrency trading, and raised questions over its dash to oversee the industry.

3.28pm: Early trading on Tuesday saw price reduction of 6.5%

The price of Ripple was down by around 6.5% in early trading on Tuesday.

Investors look as if they are being cautious following the drop in price last week when Ripple dipped to lows of $0.60.

Even with the announcement of currency giant UAE Exchange joining RippleNet yesterday and the announcement of LianLian last week, a positive reaction might be expected, but this has not happened yet.

1.45pm: Ripple XRP’s price now ay $1.0 according to CoinMarketCap

The currency rose to $1.04 in the last two hours but has again dropped back to $1.03 which it saw at midday.

XRP is seeing one of the biggest drops of the day at -4.02 percent.

Bitcoin is down 1.17 percent with a price of $8,618 while Ethereum in second place saw a drop of 1.77 percent – with a value of $846.

1.21pm: Ripple prices have been down around 6.5percent in early trading on Tuesday

Investors are still treading very cautiously across the board after the crypto crash last week that saw prices as low as $0.60.

While the digital cash managed to cut past the $1 hurdle, it now seems stuck at $1.05 and is fluctuating somewhere between the two.

12.00pm: Ripple has dipped again today – with its price in the red again

From $1.04 this morning, XRP is now down at $1.03 – which equates to a -5.6 percent drop.

XRP’s market cap is now at $40.17billion from $42billion yesterday.=

But the price has still not gone below the $1 mark seen last week when the Ripple values plunged to lows of $0.60.